News

Work and pensions secretary James Purnell is to launch a study into the impact of means-tested benefits on personal accounts.

UK - Deutsche Bank's exchange traded fund (ETF) subsidiary, db x-trackers, has announced the launch of two products aimed at institutional investors, offering exposure to emerging and frontier markets.

Westfield Health has launched a new health cash plan that is designed to meet the needs of employers who operate a flexible benefits scheme.

Conservative work and pensions spokesman Chris Grayling has bemoaned the government's failure to tackle red tape in the Pensions Bill. Grayling says the reforms which are currently going through parliament are a "missed opportunity" on deregulation....

Lawyers are urging trustees and sponsors to move quickly and set up contingent assets to combat the "unpredictability" of Pension Protection Fund levy charges.

HR Trustees appointment

TRUSTEES of the two Admenta UK pension schemes have appointed Wragge & Co as their sole legal advisors.

AUSTRALIA - The current crisis affecting the world's financial markets and institutions should not deter institutional investors from holding firm with their investment strategies, according to analysts from Russell Investment Group.

The £7.9bn West Midlands Pension Fund has appointed JPMorgan to provide currency hedging for its non-UK assets.

West Midlands Pension Fund chief pensions officer Mike Woodall is to retire in September after more than 14 years with the scheme.